NASDAQ$ADI
Analog Devices Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Revenue finished above the guided midpoint, with stronger profitability driving earnings per share near the high end of the outlook.
Analog Devices reported Q3 2024 financial results with revenue of $2.31 billion, above the midpoint of the outlook. Stronger profitability drove earnings per share near the high end of the outlook. The company returned $574 million to shareholders through dividends and repurchases.
- Revenue of $2.31 billion, above the midpoint of the outlook.
- Sequential growth in Industrial, Consumer, and Communications.
- Operating cash flow of $4.0 billion and free cash flow of $2.9 billion on a trailing twelve-month basis.
- Returned $574 million to shareholders through dividends and repurchases in the third quarter.
Headline financials
Revenue & EPS history
Analog Devices · Revenue · Quarterly
$2.31B
Revenue by segment
Analog Devices · $3.62B total across 4 segments · Q2 2026
- Industrial$1.8B—49.7%
- Automotive$872M—24.1%
- Communications$555M—15.3%
- Consumer$398M—11.0%
Forward guidance
For the fourth quarter of fiscal 2024, the company is forecasting revenue of $2.40 billion, +/- $100 million. The company expects reported EPS to be $0.85, +/-$0.10, and adjusted EPS to be $1.63, +/-$0.10.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
+1.2%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+0.5%
Avg return
30 days after
53%
38 / 72 earnings
Positive
+9.7%
Q1 2025
Best reaction
-8.3%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -5.0% | -4.8% | +4.1% | |
| Q1 2026 | +1.0% | +5.2% | -8.3% | |
| Q4 2025 | +4.4% | +10.8% | +15.9% | |
| Q3 2025 | +6.1% | +10.4% | +6.5% | |
| Q2 2025 | -4.6% | -2.4% | +2.8% | |
| Q1 2025 | +9.7% | +7.6% | -7.2% | |
| Q4 2024 | -2.9% | -2.5% | -2.5% | |
| Q3 2024 | -0.7% | +0.9% | +1.5% | |
| Q2 2024 | +8.3% | +7.3% | +6.7% | |
| Q1 2024 | +1.3% | -0.2% | +2.2% | |
| Q4 2023 | -0.6% | -0.4% | +6.8% | |
| Q3 2023 | -1.7% | +2.1% | -0.7% | |
| Q2 2023 | -8.3% | -6.1% | -1.1% | |
| Q1 2023 | +8.7% | +6.8% | +3.4% | |
| Q4 2022 | +6.3% | +4.9% | +2.8% | |
| Q3 2022 | -5.0% | -8.5% | -16.6% | |
| Q2 2022 | -1.8% | -1.4% | -11.7% | |
| Q1 2022 | -1.0% | -1.0% | +0.9% | |
| Q4 2021 | -1.6% | -4.0% | -6.9% | |
| Q3 2021 | +0.3% | +2.0% | +3.1% | |
| Q2 2021 | +9.3% | +11.4% | +11.2% | |
| Q1 2021 | -1.5% | -0.8% | -5.3% | |
| Q4 2020 | -0.8% | +0.5% | +5.4% | |
| Q3 2020 | -0.4% | -0.6% | -2.5% | |
| Q2 2020 | +4.4% | +4.4% | +13.0% | |
| Q1 2020 | +5.0% | -1.0% | -28.2% | |
| Q4 2019 | +0.7% | +0.0% | +6.0% | |
| Q3 2019 | -1.5% | -3.9% | +4.6% | |
| Q2 2019 | -1.2% | -1.5% | +13.8% | |
| Q1 2019 | +1.0% | +3.5% | +3.1% | |
| Q4 2018 | +4.9% | +3.6% | -3.3% | |
| Q3 2018 | +1.5% | +4.3% | -1.4% | |
| Q2 2018 | +3.0% | +5.9% | +1.6% | |
| Q1 2018 | -4.3% | -1.2% | -1.2% | |
| Q4 2017 | -4.7% | -4.2% | -4.7% | |
| Q3 2017 | +5.2% | +6.1% | +8.3% | |
| Q2 2017 | -3.1% | -7.1% | -8.3% | |
| Q1 2017 | +5.3% | +6.0% | +7.0% | |
| Q4 2016 | +5.4% | +6.3% | +5.2% | |
| Q3 2016 | -1.2% | -1.6% | -4.4% | |
| Q2 2016 | +0.6% | — | — | |
| Q1 2016 | -0.1% | — | — | |
| Q4 2015 | +6.1% | — | — | |
| Q3 2015 | -1.9% | — | — | |
| Q2 2015 | +4.5% | — | — | |
| Q1 2015 | +2.3% | — | — | |
| Q4 2014 | +5.3% | — | — | |
| Q3 2014 | -1.7% | — | — | |
| Q2 2014 | -1.3% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | -2.3% | — | — | |
| Q3 2013 | -1.7% | — | — | |
| Q2 2013 | -2.8% | — | — | |
| Q1 2013 | -0.8% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | -2.1% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2012 | -2.1% | — | — | |
| Q4 2011 | -5.3% | — | — | |
| Q3 2011 | -1.2% | — | — | |
| Q2 2011 | +5.1% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q4 2010 | +1.5% | — | — | |
| Q3 2010 | +6.1% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q1 2010 | +3.4% | — | — | |
| Q1 2009 | +3.4% | — | — | |
| Q2 2009 | +6.8% | — | — | |
| Q4 2007 | +6.8% | — | — | |
| Q4 2009 | +6.8% | — | — | |
| Q3 2008 | +3.9% | — | — | |
| Q3 2009 | +3.9% | — | — |
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